FBMPX vs. FCNTX

Last updated Jun 4, 2026

FBMPX (Fidelity Select Communication Services Portfolio) and FCNTX (Fidelity Contrafund) are both mutual funds - FBMPX is a Communications Equities fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FBMPX returned 17.12%/yr vs 17.43%/yr for FCNTX. A 0.80 correlation means they provide meaningful diversification when combined. FBMPX charges 0.74%/yr vs 0.39%/yr for FCNTX.

Performance

FBMPX vs. FCNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity Contrafund (FCNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBMPX achieves a 9.44% return, which is significantly higher than FCNTX's 7.76% return. Both investments have delivered pretty close results over the past 10 years, with FBMPX having a 17.12% annualized return and FCNTX not far ahead at 17.43%.

FBMPX

• 1D: -1.18%
• 1M: 1.96%
• YTD: 9.44%
• 6M: 11.67%
• 1Y: 40.01%
• 3Y*: 34.39%
• 5Y*: 14.32%
• 10Y*: 17.12%

FCNTX

• 1D: -0.23%
• 1M: 3.65%
• YTD: 7.76%
• 6M: 10.05%
• 1Y: 23.72%
• 3Y*: 26.93%
• 5Y*: 15.12%
• 10Y*: 17.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBMPX vs. FCNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBMPX Fidelity Select Communication Services Portfolio	9.44%	37.07%	35.98%	56.85%	-38.30%	15.97%	35.48%	33.14%	-3.52%	12.60%
FCNTX Fidelity Contrafund	7.76%	21.76%	36.00%	38.67%	-28.31%	24.52%	32.48%	30.00%	-3.81%	32.18%

Correlation

The correlation between FBMPX and FCNTX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 1, 1986	0.80

The correlation between FBMPX and FCNTX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

FBMPX vs. FCNTX - Sectors Allocation Comparison

Sectors	FBMPX	FCNTX
Communication Services	83.1%	21.2%
Technology	13.1%	27.0%
Consumer Cyclical	2.8%	10.1%
Healthcare	0.7%	9.2%
Industrials	0.3%	8.6%
Basic Materials	-	2.1%
Consumer Defensive	-	3.7%
Energy	-	3.6%
Financial Services	-	13.8%
Real Estate	-	0.1%
Utilities	-	0.5%

Return for Risk

FBMPX vs. FCNTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBMPX

FBMPX Risk / Return Rank: 44
FBMPX Sharpe Ratio Rank: 50
FBMPX Sortino Ratio Rank: 46
FBMPX Omega Ratio Rank: 45
FBMPX Calmar Ratio Rank: 38
FBMPX Martin Ratio Rank: 41

FCNTX

FCNTX Risk / Return Rank: 35
FCNTX Sharpe Ratio Rank: 35
FCNTX Sortino Ratio Rank: 33
FCNTX Omega Ratio Rank: 34
FCNTX Calmar Ratio Rank: 32
FCNTX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBMPX vs. FCNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity Contrafund (FCNTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FBMPX	FCNTX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.72	+0.37
Sortino ratio: Return per unit of downside risk	2.84	2.39	+0.45
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	2.34	2.13	+0.22
Martin ratio: Return relative to average drawdown	8.87	9.04	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBMPX vs. FCNTX - Sharpe Ratio Comparison

The current FBMPX Sharpe Ratio is 2.08, which is comparable to the FCNTX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FBMPX and FCNTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBMPX	FCNTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.72	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.79	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.89	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.78	-0.13

Drawdowns

FBMPX vs. FCNTX - Drawdown Comparison

The maximum FBMPX drawdown since its inception was -61.77%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FBMPX and FCNTX.

Drawdown Indicators

	FBMPX	FCNTX	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-49.19%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-11.30%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-23.20%	-19.75%	-3.45%
Max Drawdown (5Y) Largest decline over 5 years	-47.42%	-32.59%	-14.83%
Max Drawdown (10Y) Largest decline over 10 years	-47.42%	-32.59%	-14.83%
Current Drawdown Current decline from peak	-3.54%	-0.53%	-3.01%
Average Drawdown Average peak-to-trough decline	-10.63%	-8.16%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	2.65%	+1.81%

Volatility

FBMPX vs. FCNTX - Volatility Comparison

Fidelity Select Communication Services Portfolio (FBMPX) has a higher volatility of 4.81% compared to Fidelity Contrafund (FCNTX) at 3.26%. This indicates that FBMPX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBMPX	FCNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	3.26%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	10.48%	+3.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	14.03%	+5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	19.15%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	19.68%	+2.29%

FBMPX vs. FCNTX - Expense Ratio Comparison

FBMPX has a 0.74% expense ratio, which is higher than FCNTX's 0.39% expense ratio.

Dividends

FBMPX vs. FCNTX - Dividend Comparison

FBMPX's dividend yield for the trailing twelve months is around 12.24%, more than FCNTX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBMPX Fidelity Select Communication Services Portfolio	12.24%	8.09%	7.05%	0.00%	0.00%	5.88%	3.74%	35.43%	15.29%	5.53%	7.50%	7.29%
FCNTX Fidelity Contrafund	4.33%	5.21%	4.19%	3.78%	11.87%	10.80%	8.01%	4.16%	7.46%	6.08%	3.81%	5.33%

Frequently Asked Questions

Can I hold both FBMPX and FCNTX in my portfolio?

FBMPX and FCNTX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBMPX or FCNTX?

FBMPX has higher volatility (4.81%) compared to FCNTX (3.26%). In terms of maximum drawdown, FBMPX dropped -61.77% vs FCNTX's -49.19%.

Which has better risk-adjusted returns?

FBMPX currently has the higher Sharpe Ratio (2.08 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.